St. Paul daily globe., 1887-05-29

The week in real estate circles has
been entirely devoid of startling features
and dull by comparison with the two
preceding it; active, however, when
compared with almost any other city in
the United States. The definite an
nouncement of the beginning of work
on the ''SOO'' shops has been re-.
ceived with great satisfaction by invest
OrS. AS announced in these columns. the
shops will be located at Sandy Lake,
and when completed in their entirety
will be able to supply rolling stock for
1000 miles of road.
Two other schemes have been men
toned during the week that it is hoped
will mature, and that speedily. The
proposed union station to be built on
the hay market site by the Minneapolis
& st. Louis, Northern Pacific, WiScon-
sin Central and Chicago, st. Paul &
Milwaukee roads is an Improvement
that would be gladly welcomed. The
site is good One-the better, as it will
neceSsitate the removal of number of
houses devoted to immoral uses. The
minneapolis Terminal Railway COM
pany' is the name of the corporation
having the work in charge, and con-
demnatiOn proceedings have already
+ been begun
~
The other scheme is a'sort of perennial
One-the long expected and long de-
ferred market house. Harlow Gale has
reported to the council that he has three
sites for market house in view-one-
half block Oh Second street, between
Nicollet and First avenue SOUTH, one
half block on Second street between
Hennepin and First avenues north. and
One-half block on First avenue north.
between Fifth and Sixth streets. The
market will not be built until next wear,
but it is refreshing to know that some
day Minneapolis will have the market
for which she has waited so long.
~,
Engineers yesterday laid out the
ground for the Clayton Plow works, and
tomorrow morning work on the eXcava-
ton will begin. To assure those doubt
ley will never see the smoke from the
Clayton chimneys, it may be said that
Beach, White & Veazey have let the
contract for the erection of a dozen
dwelling houses on land just opposite
the Plow works to w. C. Balch, who
will Immediately begin work on them.
The same firm offers to sell any doubter
lots adjacent to the plow works. and
they will wait for their pay until the
factory is in operation; this is good
chance for doubters to make money.
~
1t is learded from leading capitalist
that during the past week there has
been formed a syndicate of Minneapo-
lis moneyed men for the purpose Of en-
couraging jObbing houses to locate here.
The syndicate has backing of SS,000,-
600, and negotiations are now pending
for the purchase by them of available
sites for j0bbing establishments. This
is move in the right direction and is
deserving of all commentator. The
factories are coming, don't permit the
jobbing interests of the city to lag be-
hind.
~
Long & KEGS sold twenty-five feet
front on Sixth street, at the alley be-
tween Sixth and Hennepin and First
avenues north, to Mr.. Frederickson for
$500 front foot. The lot is seventy
feet deep. The purchaser proposes to
erect a five-stOry building Oh the lot.
The only large sales reported during
the week were made in Minnehaha
property, when forty acres of the Moses
tract sold at $4,000 per acre. l. j. Per
bles sold seventy-five acres at Crystal,
near the new wagon works, at $50 per
acre. The same gentleman has sold
thus far this season $50 acres ia the
vicinity of Hopkins, where prices now
range from $3.50 to 5000, the latter on
acres adjoining the town site.
~
Long & KEGS are making plans for
buildings which cost 100000 for B. L.
Rice & Co., the successors of the Pray
Manufacturing company. The largest
structure will be 50X350 feet, and there
will be five others, all to- be built of
brick. The firm save several locations
in view, but haze not yet decided which